The Justice Department announced that a federal court has entered a stipulated order resolving a case against Disney (DIS). Under the order, Disney will pay $10M in civil penalties as part of a settlement to resolve allegations that Disney violated the Children’s Online Privacy Protection Act and its implementing regulations in connection with Disney’s YouTube video content. “Disney, and others acting on Disney’s behalf, targeted advertising toward children on YouTube and unlawfully collected children’s information without parental notice and consent, in violation of COPPA. Disney’s YouTube video content is extremely popular, with billions of views in the United States alone,” the Justice Department said in a statement.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DIS:
- Michael Kicinski acquires GOG from CD Projekt, terms not disclosed
- Lululemon Stock (LULU) Falls on Proxy War for Board Overhaul
- Disney chief brand officer looks to depoliticize company, WSJ reports
- Game On: U.S. video game spending said to fall 4% year-over-year
- Adeia price target raised to $20 from $17 at Maxim